VCI Global Limited

Earnings data Q2 2023

VCI Global Ltd. engages in the provision of business consulting services. It operates through the following segments: Business Strategy Consultancy, Technology Consultancy, and Others. The Business Strategy Consultancy segment offers services relating to listing solutions, investors relations, and boardroom strategies. The Technology Consultancy segment specializes in digital development and software solutions. The company was founded in 2013 and is headquartered in Kuala Lumpur, Malaysia.

KUALA LUMPUR, Malaysia, April 30, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, “VCIG”, or the “Company”), a diversified holding company focusing on consulting and technology, is proud to announce its audited financial results for the financial year ended December 31, 2023 (the “Financial Results”). VCI Global delivered a record high total revenue of $19.8 million for fiscal year 2023, representing a 145% YoY growth.

VCI Global Announces 145% Revenue Growth for Fiscal Year 2023 Financial Results

KUALA LUMPUR, Malaysia, April 26, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, “VCIG”, or the “Company”), is pleased to announce that it has scheduled an investor conference call at 8:00 a.m. Eastern Time on Tuesday, April 30th, 2024.

VCI Global Announces Earnings Call and Business Update on April 30th, 2024

KUALA LUMPUR, Malaysia, April 22, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, “VCIG”, or the “Company”), a diversified holding company specializing in consulting, fintech, AI, robotics, cybersecurity and gamification, is pleased to announce a significant milestone with Legacy Credit Sdn Bhd (“Legacy Credit”), a leading Malaysian financial institutional shareholder, making a substantial investment exceeding 5% stake through a private placement.

VCI Global Receives a Huge Endorsement From a Large Institutional Investor

KUALA LUMPUR, Malaysia, April 15, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, “VCIG”, or the “Company”), a disruptive technology and IP aggregator and capital markets advisor based in Southeast Asia, announced the acquisition of two leading AI gamification brand engagement platforms on mobile from a UK-based games developer. The acquisition of the “ENGAGE” and “Interact” platforms opens up vast new monetization channels in brand marketing to VCIG, with global mobile advertising spending projected to hit $400 billion in 2024, with $136 billion (Martech) being spent on mobile games alone by 2025, and 65% of all US digital advertising spend directed towards mobile platforms (Oberlo). With opportunities across both Western and Asian markets alike, VCIG will sit at the center of global brand spend, bridging the digital and real-world consumer engagement and interactions.

VCI Global Hits Key Growth Milestone by Completing Its Second Technology Acquisition; a Leading AI Gamification Platform Serving Global Brands

KUALA LUMPUR, Malaysia, March 25, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) a diversified holding company, focuses on consulting, fintech, AI, robotics, cybersecurity, and gamification. Today, it announced that it has entered into an agreement with W Capital Markets Pte Ltd (“W Capital”), a Singapore based company. This partnership is for the purpose of introducing prospective clients to one another.

VCI Global Enters Into a Pivotal Partnership That Could Increase Its Client Portfolio Base

KUALA LUMPUR, Malaysia, March 18, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, “VCIG”, or the “Company”) today announced it has closed transaction with Cogia GmbH, by successfully acquired Socializer Messenger from Cogia GmbH, a software company based in Germany. This highly secure messenger platform is currently serving the government of a NATO founding EU country.

VCI Global Acquires AI-Based Secured Messaging Platform From Cogia GmbH

KUALA LUMPUR, Malaysia, March 13, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, “VCIG”, or the “Company”) proudly announced its strategic expansion of its global footprint from Asia by opening offices in New York and London later this year, as well as setting up an AI Research and Development (R&D) Center in Frankfurt to better serve our growing pipeline of consulting clients and ambitious technology ventures.

VCI Global Announces Plans to Accelerate Revenue Growth and Advance AI Innovations

Elevating Social Impact: VCI Global Commits to Wisdom Accelerator Youth (WAY) in conjunction with the World Economic Forum Elevating Social Impact: VCI Global Commits to Wisdom Accelerator Youth (WAY) in conjunction with the World Economic Forum

VCI Global Limited Establishes Support For Wisdom Accelerator Youth (WAY) Alongside The World Economic Forum

KUALA LUMPUR, Malaysia, Jan. 30, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) is awarded an initial public offering (“IPO”) contract to list one of the largest Information Technology companies in Malaysia (“IT Company”), providing cutting-edge cross-border technology solutions and services.

VCI Global Bags Another IPO Contract in Partnership With Legacy Corporate Advisory

KUALA LUMPUR, Malaysia, Jan. 24, 2024 (GLOBE NEWSWIRE) -- V Capital Real Estate Sdn Bhd, the real estate arm and a subsidiary of VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”), today announced that it has executed an agreement with Haad Sai Ngen Co. Ltd. for the acquisition of leasing rights for land, including Impiana Private Villas Kata Noi, Phuket, and its associated assets.

VCI Global's Real Estate Arm Acquires Impiana Private Villas Kata Noi in Phuket, Thailand

KUALA LUMPUR, Malaysia, Jan. 23, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) has been engaged by a Singapore-based Fin-MedTech Medical Group (the “Medical Group”) as its initial public offering (“IPO”) consultant for its intended IPO on Nasdaq which is expected to be completed in 2024/2025.

VCI Global Secures Its First IPO Consultancy Deal in 2024 With a Singapore-Based Fin-MedTech Medical Group

KUALA LUMPUR, Malaysia, Jan. 18, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) today announced the closing of its previously announced public offering of 2,200,000 the Company's ordinary shares and accompanying Series A warrants to purchase up to 2,200,000 ordinary shares (“Series A Warrants”) and Series B warrants to purchase up to 2,200,000 ordinary shares (“Series B Warrants”, together with Series A Warrants, collectively the “Series Warrants”) at a combined offering price of $1.25 per ordinary share and associated Series Warrants. The Series Warrants have an exercise price of $1.25 per share and are immediately exercisable upon issuance. The Series A Warrants will expire five years following the initial exercise date, and the Series B Warrants will expire eighteen months following the initial exercise date.

VCI Global Announces Closing of $2.75 Million Public Offering

VCI Global (NASDAQ: VCIG ) stock is sliding lower on Friday as investors deal with the technology consulting services company launching a public offering for its shares. The company filed a public offering today for 2.2 million shares of VCIG stock with each share priced at $1.25.

Why Is VCI Global (VCIG) Stock Down 35% Today?

KUALA LUMPUR, Malaysia, Jan. 11, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) today announced the pricing of a public offering of 2,200,000 the Company's ordinary shares and accompanying Series A warrants to purchase up to 2,200,000 ordinary shares (“Series A Warrants”) and Series B warrants to purchase up to 2,200,000 ordinary shares (“Series B Warrants”, together with Series A Warrants, collectively the “Series Warrants”) at a combined offering price of $1.25 per ordinary share and associated Series Warrants. The Series Warrants have an exercise price of $1.25 per share and will be immediately exercisable upon issuance. The Series A Warrants will expire five years following the initial exercise date, and the Series B Warrants will expire eighteen months following the initial exercise date. The closing of the offering is expected to occur on or about January 17, 2024, subject to the satisfaction of customary closing conditions.

VCI Global Announces Pricing of $2.75 Million Public Offering

KUALA LUMPUR, Malaysia, Dec. 18, 2023 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) ("VCI Global", or the "Company") today announced that it is acquiring a 51% stake in a special purpose vehicle ("SPV") for CAD12.1 million. This investment is made in connection with the transfer by Nextech3D.AI Corporation ("Nextech3D.AI") of the following assets into the said SPV, namely:-

VCI Global Acquires Proprietary Artificial Intelligence 3D Modeling Platform

KUALA LUMPUR, Malaysia, Dec. 14, 2023 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) announced that its financial technology arm, Accuventures Sdn Bhd will be acquiring EVOLET. The acquisition will provide VCI Global direct access to the local remittance market.

VCI Global Gains Access To US$750 Million Remittance Market With Acquisition Of EVOLET

KUALA LUMPUR, Malaysia, Nov. 20, 2023 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) today announced that it has signed an agreement with Playstack Limited (“Playstack”), a games developer and publisher based in the UK, to acquire the IP and assets of Playstack's unique AI based-AdTech platforms. The platform uses AI alongside gamification of digital marketing assets and new disruptive technologies, such as augmented reality to maximize brand engagements on mobile with global applications across corporate, consumer and large audience event opportunities.

VCIG Signs Letter Of Intent To Acquire AI Enhanced-Augmented Reality Gamification Marketing Platform From Playstack Limited

KUALA LUMPUR, Malaysia, Oct. 19, 2023 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) today announced it will be collaborating with Agroz Group Sdn Bhd to develop large scale, energy efficient artificial intelligence (“AI”) based smart greenhouses to address food security issues.

VCI Global Limited Ventures Into AI-Based Smart Greenhouse Farming In Collaboration With Agroz Group

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Threats of a recession have risen since July. Oil prices have reached beyond $90 per barrel, interest rates have risen to levels not witnessed since 2007, and during this period, the markets–Dow, S&P 500, and Nasdaq Composite–have all experienced a decline of approximately 6%.

3 Growth Stocks To Make You The Millionaire Next Door: October Edition

VCI Global Limited (NASDAQ:VCIG ) Q2 2023 Earnings Conference Call October 4, 2023 8:30 AM ET Company Participants Michael Bowen - Managing Director, ICR Victor Hoo - Chairman and Chief Executive Officer Zhi Feng Ang - Chief Financial Officer Conference Call Participants Operator Good morning, everyone, and welcome to VCI Global First Half 2023 Financial Results Conference Call. Thank you for joining us today.

VCI Global Limited (VCIG) Q2 2023 Earnings Call Transcript

KUALA LUMPUR, Malaysia, Oct. 06, 2023 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) has entered into a letter of intent to acquire the leasing rights of Impiana Private Villas Cemagi, Bali and Impiana Private Villas Kata Noi, Phuket from Impiana Sdn Bhd, through its subsidiary, V Capital Real Estate Sdn Bhd.

VCI Global Limited Proposes Acquisition of Resort Properties in Bali and Phuket

Delivered record high revenue of RM44.5 million ($9.5 million), Representing 108% YoY growth KUALA LUMPUR, Malaysia, Oct. 04, 2023 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ:VCIG) ("VCI Global" or "the Company"), a multi-disciplinary consulting group focusing on business and technology, today announced its unaudited financial results for the six months ended June 30, 2023 (the “Interim Results”) (the “Announcement”). Dato' Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global, commented: “We are very pleased with our results and progress now that we are a publicly traded company.

VCI Global Announces First Half 2023 Financial Results

KUALA LUMPUR, Malaysia, Oct. 02, 2023 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) today announced  that it will release its financial results for its first half ended June 30th, 2023, before markets open on October 4th, 2023. VCI Global's management team will hold an earnings Webcast at 8:30 a.m. Eastern Time on October 4th, 2023 to discuss the Company's financial and business results and outlook.

VCI Global Limited to Announce First Half 2023 Financial Results on October 4th at 8:30 am Eastern Time

KUALA LUMPUR, Malaysia, Sept. 14, 2023 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) is pleased to announce that it is partnering YY Group Holding Limited (“YY Group”) to identify opportunities in the hospitality field within the Southeast Asia region. This partnership premises on the ability to capitalise on each other's strength and networking. YY Group will be able to expand into various countries by tapping on VCI Global's vast network, while expanding VCI Global's consulting capabilities into the hospitality industry.

VCI Global Limited Partners YY Group Holding In Developing Southeast Asia's Hospitality Industry

KUALA LUMPUR, MALAYSIA / ACCESSWIRE / August 29, 2023 / VCI Global Limited (NASDAQ:VCIG) ("VCI Global" or "the Company"), a multi-disciplinary consulting group focusing on business and technology, recently announced ground-breaking collaborations with Microsoft Azure OpenAI and AdScale. First, with the Microsoft Azure OpenAI collaboration, VCI's wholly-owned subsidiary, V Galactech Sdn Bhd, will team up with the Microsoft Azure OpenAI platform with the goal of leveraging each firm's respective artificial intelligence (AI) expertise to continue developing business solutions for the Microsoft platform.

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